This is a Blog specially about Bitcoin, a cryptographic coin that I just found out and am extremely interested in it. Hoping to learn about the Bitcoin and hoping that you will learn along with me.

Sunday, 15 July 2012

Dismantling of Deepbit

There are on and off requests to dismantle Deepbit, not because it is no good but because it is too good and attracted too many of the miners until their share of the hashing power is dominant. As we know those who control more than 50% of the Bitcoin hashing power has the ability to manipulate the entire Bitcoin, once in a while there are talks in forums or suggestions to dismantle Deepbit. IMHO I do not think it is fair. Yes I do favor a pool that has lesser hashing power so that it will not be a threat to the Bitcoin. What I suggest is the rest of the pool operators improve upon their services so as to capture more hashing powers from the Deepbit pool rather than ask for Deepbit to be dismantled.